Incremental Revolving Loan Amount definition

Incremental Revolving Loan Amount as to each Incremental Lender in respect of any Incremental Revolving Loan Facility, the obligation of such Incremental Lender on and after the applicable Incremental Revolving Loan Closing Date to make Incremental Revolving Loans hereunder in a principal amount equal to the amount set forth under the heading “Incremental Revolving Loan Amount” opposite such Incremental Lender’s name on the applicable Incremental Revolving Loan Activation Notice.
Incremental Revolving Loan Amount as to each Incremental Revolving Lender, on and after the effectiveness of any Incremental Revolving Loan Activation Notice, the obligation of such Incremental Revolving Lender to make Revolving Credit Loans (and participate in Swing Line Loans and Letters of Credit) hereunder from time to time during the period beginning on the related Incremental Revolving Loan Closing Date and ending on the Scheduled Revolving Credit Termination Date or such earlier date on which the Revolving Credit Commitments shall terminate as provided herein in a principal amount at any one time outstanding not to exceed the amount set forth under the heading "Incremental Revolving Loan Amount" opposite such Incremental Revolving Lender's name on such Incremental Revolving Loan Activation Notice.

Examples of Incremental Revolving Loan Amount in a sentence

  • Any reduction pursuant to this subsection 2.7(b) shall be in an amount equal to $1,000,000, or a whole multiple of $100,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments or the applicable Incremental Revolving Loan Amount then in effect, as the case may be.

  • Company may, by written notice to the Administrative Agent from time to time, request that the Revolving Loan Commitments be increased by an amount not to exceed (in the aggregate for all such increases) the Incremental Revolving Loan Amount.

  • Any reduction pursuant to this subsection 2.7(b) shall be in an amount equal to $1,000,000, or a whole multiple of $100,000 in excess thereof, and shall reduce permanently the Delayed-Draw Term Loan Commitments then in effect, the Revolving Credit Commitments then in effect or the Incremental Revolving Loan Amount then in effect, as the case may be.

  • Such notice shall set forth (i) the amount of the Incremental Revolving Loan Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or such lesser amount equal to the remaining Incremental Revolving Loan Amount), and (ii) the date on which such Incremental Revolving Loan Commitments are requested to become effective (which shall not be less than 10 Business Days nor more than 60 days after the date of such notice).


More Definitions of Incremental Revolving Loan Amount

Incremental Revolving Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the aggregate amount of all Incremental Revolving Credit Commitments established prior to such time.
Incremental Revolving Loan Amount means $25,000,000. ---------------------------------
Incremental Revolving Loan Amount means, at any time, $10,000,000 less the aggregate amount of all commitments from Increasing Revolving Loan Lenders and Augmenting Revolving Loan Lenders that have been added pursuant to Section 2.9.

Related to Incremental Revolving Loan Amount